Major Bank Rating | Morgan Stanley: Significantly lowers IBM target price to $190, maintains "Equal-weight" rating

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格隆汇2026/07/24 05:59

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Golden Ten Data July 24 ｜Morgan Stanley published a report stating that IBM's recovery scenario for the second half of the year is viable, supported by early order replenishment and productivity improvement. However, the guidance leaves little room for error and requires a strong rebound in the Z business (enterprise-class mainframe). The third quarter performance and fourth quarter guidance should clarify whether the second quarter's results were temporary or indicative of a broader priority adjustment trend. The bank has significantly lowered its target price from $293 to $190 and maintained its "equal weight" rating.

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Major Bank Rating | Morgan Stanley: Significantly lowers IBM target price to $190, maintains "Equal-weight" rating

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